Indiana Unemployment drops: Back to School Effort?

Allen County is beaming about its 10% unemployment rate. Last month the county unemployment was at 10.4 %. Indiana fell from 10.6 to 9.9. Governor Mitch Daniel was probably excited about drop the new information, although Elkhart is at 16%.

But, don't tell Governor Daniels that, the Gov wants Indiana voters to believe the economy is in recovery. On ABC talk show with George S. , Robert Reich stated that 1out 3 Americans are out of work. But, Indiana wants to keep hope alive for the tea baggers.

Just blame President Barack Obama and his reform movement. I'm more inclined to go with Reich. Let's take a peek at foreclosures in Indiana. According to, The Determinants of State Foreclosure Rate: Investigating the Case of Indiana"In every quarter since the first quarter of 1991, the foreclosure rate in Indiana has exceeded that in the nation as a whole." (bold and italics added)

A lot of fraud occurred in Indiana, causing the FBI to label the State of Indiana one of ten hotspot for mortgage fraud. On top of that, Indiana has experienced some double digit unemployment rates jacking up the foreclosure rate.

Certain indicators can lead to foreclosures, "..states with higher unemployment, lower median income growth, and lower home price appreciation have experienced higher foreclosure rates."

Now President Barack Obama visited Elkhart to encourage the folks that they could turn that 18% unemployment rate around. Gov. Daniels tried to head off the bad news by blaming President Obama for Indiana spike instead of the losses under his watch.

Since he took office in January 2005, Indiana’s unemployment rate has risen from 5.6 percent to 10.7 percent. And the state has lost 132,600 jobs in that same time period.

If jobs are gone why the drop? Some believe that folks have returned to school.